The tiny nation of Gibraltar is about to implement the world’s first laws governing initial coin offerings (ICOs), according to Reuters. ICOs have proven to be a popular new method of fundraising for startups, collecting a total of $3.7 bln last year. However, they are fraught with concerns as well. Opponents allege weak investor protections and violations of securities laws.
HSBC Whistleblower Herve Falciani to Launch Cryptocurrency That Will Be Embraced by Regulators